Business
Wi2Wi Corporation Announces Closing of Oversubscribed Second Tranche of Non-Brokered Private Placement
Wi2Wi Corporation Announces Closing of Oversubscribed Second Tranche of Non-Brokered Private Plac...
About this update from Wi2wi Corp.
[{"type":"text","content":"\n\n\n\n Wi2Wi Corporation Announces Closing of Oversubscribed Second Tranche of Non-Brokered Private Placement\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n /THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED  STATES/\n \n\n\n\n\n TORONTO\n \n\n ,\n \n\n March 5, 2025\n \n\n /CNW/ - Wi2Wi Corporation (TSXV: YTY) (OTC: ISEYF) (\"\n \n Wi2Wi\n \n \" or the \"\n \n Company\n \n \") is pleased to announce that it has closed an oversubscribed second tranche of its non-brokered private placement (the \"\n \n Second Tranche\n \n \"), previously announced on\n \n February 6, 2025\n \n , by issuing a total of 11,799,700 units of the Company (the \"\n \n Units\n \n \") at a price of\n \n $0.05\n \n per Unit for gross proceeds of\n \n $589,985\n \n pursuant to the closing of the Second Tranche. Over the first tranche and Second Tranche, the Company issued an aggregate of 19,099,700 Units for total gross proceeds of\n \n $954,985\n \n (the \"\n \n Offering\n \n \").\n \n\n Each Unit is comprised of one common share in the capital of the Company (a \"\n \n Share\n \n \") and one-half of one common share purchase warrant (each whole warrant referred to as a \"\n \n Warrant\n \n \"). Each Warrant entitles the holder to purchase one Share at an exercise price of\n \n CAD$0.10\n \n per Share for a period of two years, subject to an acceleration clause.\n \n\n As such, pursuant to the Second Tranche, the Company issued a total of 11,799,700 Shares and 5,899,850 Warrants; the Company issued an aggregate total of 19,099,700 Shares and 9,549,850 Warrants pursuant to the Offering.\n \n\n The Warrants are subject to an acceleration clause, whereby if, at any time prior to the expiry date of the Warrants, the closing price of the Common Shares on the TSX Venture Exchange (the \"\n \n Exchange\n \n \") is equal to or greater than\n \n $0.10\n \n for any 10 consecutive trading days, then the Company may, at its option, accelerate the expiry date of the Warrants by issu...